Australian Cash Rate Graph 2025. Interest rate in australia averaged 3.87 percent from 1990 until 2025, reaching an all time high of 17.50 percent in january of 1990 and a record low of 0.10 percent in november of 2020. The cash rate is the interest rate that banks pay to borrow funds from other banks in the money market overnight.
From may 2022 to november 2023, the reserve bank of australia (rba) increased the cash rate 13 times to help tame inflation. Released on 11 december 2024 (data as at 5 december 2024, except unit labour costs growth data which is as at 11 december 2024)